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8 of 10 people found the following review helpful:
5.0 out of 5 stars
Finally a modern approach,
By "toddinoslo" (Oslo, Norway) - See all my reviews
This review is from: Economic Risk in Hydrocarbon Exploration (Hardcover)
This text provides a rich combination of theory, practical explanation, and numerical examples. You even get some computer code! Monte Carlo techniques are at the heart of any complex risk/uncertainty estimation procedure, and the authors have embraced this as an extension to the old tools of the past, that were basically limited by number crunching power. A bonus is the chapter on maximizing economic value of a discovery, which is really beyond the challenges of exploration risking, going into the development and operations phases.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Economic Risk in Hydrocarbon Exploration by Ian Lerche, John A. MacKay,
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This review is from: Economic Risk in Hydrocarbon Exploration (Hardcover)
Book reccommended for work and so far has lived up to expectations. The only down side is everybody at work wants to read it.
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Economic Risk in Hydrocarbon Exploration by I. Lerche (Hardcover - January 18, 1999)
$250.00 $223.21
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